Northpointe Capital LLC Invests $2.70 Million in Level One Bancorp (LEVL)

Northpointe Capital LLC bought a new position in shares of Level One Bancorp (NASDAQ:LEVL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 99,156 shares of the company’s stock, valued at approximately $2,695,000. Northpointe Capital LLC owned 1.28% of Level One Bancorp as of its most recent filing with the SEC.

Separately, Clarkston Capital Partners LLC acquired a new stake in shares of Level One Bancorp during the 2nd quarter valued at approximately $408,000. Institutional investors own 4.17% of the company’s stock.

Level One Bancorp traded down $0.04, reaching $27.42, during trading on Friday, according to MarketBeat.com. 5,147 shares of the company were exchanged, compared to its average volume of 15,047. Level One Bancorp has a 52 week low of $25.50 and a 52 week high of $30.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 0.93.

Level One Bancorp (NASDAQ:LEVL) last released its quarterly earnings results on Monday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The business had revenue of $13.87 million during the quarter, compared to the consensus estimate of $14.35 million. equities analysts forecast that Level One Bancorp will post 1.93 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Sunday, July 15th. Stockholders of record on Saturday, June 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, June 28th.

Several equities research analysts recently issued reports on LEVL shares. Raymond James started coverage on Level One Bancorp in a research report on Tuesday, May 15th. They set an “outperform” rating and a $32.00 price target on the stock. Zacks Investment Research lowered Level One Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Keefe, Bruyette & Woods started coverage on Level One Bancorp in a research report on Tuesday, May 15th. They set an “outperform” rating and a $34.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on Level One Bancorp in a research note on Tuesday, May 15th. They set a “neutral” rating and a $30.00 price objective for the company.

About Level One Bancorp

Level One Bancorp, Inc operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. It offers a range of deposit services, including checking accounts, NOW accounts, savings, other time deposits, certificates of deposit, and specialty deposit accounts.

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Institutional Ownership by Quarter for Level One Bancorp (NASDAQ:LEVL)

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